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Wednesday, February 9, 2011

QOTD: Equality of opportunity

Quote of the Day:

The first thing one should say is that our system does reward hard work, up to a point. Other things equal, those who put more in will earn more.

But a lot of other things are, in fact, not remotely equal. These days, America is the advanced nation with the least social mobility (pdf), except possibly for Britain. Access to good schools, good health care, and job opportunities depends on lot on choosing the right parents.

So when you hear conservatives talk about how our goal should be equality of opportunity, not equality of outcomes, your first response should be that if they really believe in equality of opportunity, they must be in favor of radical changes in American society. For our society does not, in fact, produce anything like equal opportunity (in part because it produces such unequal outcomes). Tell me how you’re going to produce a huge improvement in the quality of public schools, how you’re going to provide universal health care (for parents as well as children, because parents in bad health affect childrens’ prospects), and then come back to me about the equal chances at the starting line thing.

Now, inequality of opportunity is only one reason for the inequality in outcomes we actually see. But of what remains, how much reflects individual effort, how much reflects talent, and how much sheer luck? No reasonable person would deny that there’s a lot of luck involved. Wall Street titans are, no doubt, smart guys (although talking to some of them, you have to wonder …), but there are surely equally smart guys who for whatever reason never got a chance to grab the 9-figure brass ring.

So economics is not a morality play; the social and economic order we have doesn’t represent the playing out of some kind of deep moral principles.

That doesn’t mean the order we have should be overthrown: the pursuit of Utopia, of perfect economic justice, has proved to be the road to hell, while welfare-state capitalism — a market economy with its rough edges smoothed by a strong safety net — has produced the most decent societies ever known. The point, though, is that anyone who claims that transferring some income from the most fortunate members of society to the least is a vile injustice is closing his eyes to the obvious reality of how the world works. - Paul Krugman

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Bill Garthright

I'm a skeptic. I think it makes sense to have reasons for what I believe, so I apportion my belief to the evidence. You're welcome to disagree. Please, tell me I'm wrong. I probably don't agree with anyone about everything. Why should disagreement be a problem? Check the Pages section below for series posts and links to book reviews and game posts, as well as contact info. I have varied interests, so there's a little bit of everything here. I encourage you to look around. - Bill

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The general root of superstition is that men observe when things hit, and not when they miss, and commit to memory the one, and pass over the other. - Sir Francis Bacon

When a whole nation is roaring Patriotism at the top of its voice, I am fain to explore the cleanness of its hands and purity of its heart. - Ralph Waldo Emerson

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A casual stroll through the lunatic asylum shows that faith does not prove anything. - Friedrich Nietzsche

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The formula was very simple: build this really flexible, really open economy, tolerate creative destruction so dead capital is quickly redeployed to better ideas and companies, pour into it the most diverse, smart and energetic immigrants from every corner of the world and then stir and repeat, stir and repeat, stir and repeat, stir and repeat. - Shekhar Gupta

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To be elected in America, no matter from what party, the candidates have no choice but to year after year pledge to lower taxes further and further. We have become the nation of Ken and Barbie, looking good but very poor at the math. - Rack Jite

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